v3.26.3
Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2026
Dec. 31, 2025
Assets    
Investments, at fair value $ 11,306.5 [1],[2] $ 13,008.6 [3],[4]
Cash and cash equivalents 102.0 181.0
Restricted cash 61.0 0.0
Foreign currency, at fair value (cost—$9 and $27, respectively) 9.0 27.0
Receivable for investments sold and repaid 106.0 313.0
Income receivable 72.0 98.0
Unrealized appreciation on foreign currency forward contracts 3.0 0.0
Deferred financing costs 29.0 32.0
Prepaid expenses and other assets 7.0 69.0
Total assets 11,695.0 13,729.0
Liabilities    
Payable for investments purchased 1.0 8.0
Debt (net of deferred financing costs and discount of $46 and $45, respectively) 6,231.0 7,634.0
Unrealized depreciation on foreign currency forward contracts 2.0 10.0
Stockholder distributions payable 121.0 0.0
Management fees payable 42.0 50.0
Subordinated income incentive fees payable 12.0 28.0
Administrative services expense payable 4.0 1.0
Interest payable 54.0 77.0
Other accrued expenses and liabilities 79.0 72.0
Total liabilities 6,546.0 7,880.0
Commitments and contingencies (Note 10)
Preferred stock, $0.001 par value per share, 50,000,000 shares authorized, respectively; 6,000,000 and 0 Cumulative Convertible Perpetual Preferred Stock, Series A shares, $0.001 par value per share, $25.00 liquidation preference per share, issued and outstanding, respectively 150.0 0.0
Stockholders’ equity    
Common stock, $0.001 par value per share, 750,000,000 shares authorized, respectively, 273,532,761 and 280,066,433 shares issued and outstanding, respectively 0.0 0.0
Capital in excess of par value 9,124.0 9,199.0
Retained earnings (accumulated deficit) (4,125.0) (3,350.0)
Total stockholders’ equity 4,999.0 5,849.0
Total liabilities, preferred stock and stockholders’ equity $ 11,695.0 $ 13,729.0
Net asset value per share of common stock at period end (in dollars per share) $ 18.28 $ 20.89
Non-controlled/unaffiliated    
Assets    
Investments, at fair value $ 6,765.0 $ 8,164.0
Non-controlled/affiliated    
Assets    
Investments, at fair value 872.2 854.6
Controlled/affiliated    
Assets    
Investments, at fair value $ 3,668.7 $ 3,990.5
[1] Security may be an obligation of one or more entities affiliated with the named company.
[2] See Note 8 for additional information regarding the fair value of the Company’s financial instruments.
[3] Security may be an obligation of one or more entities affiliated with the named company.
[4] See Note 8 for additional information regarding the fair value of the Company’s financial instruments.